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Greece Votes 'No' in Referendum: What Happens Next?

7/6/2015 6:30AM

Greeks overwhelmingly voted against their international creditors’ conditions for further bailout aid in a historic referendum on Sunday. Charles Forelle explains what needs to happen next in the debt crisis negotiations between Greece and its creditors.

This transcript has been automatically generated and may not be 100% accurate.

... in yet ... when it is a party and what it means so ... here's the ... thing ... that I had a gathering ... they have very large herring no banners ... holding no signs of a clear demonstration ... that Prime Minister Alexis if prices gamble on holding of them ... has paid off for him ... for me and ... my family ... that question with the new Jane isn't what ... happens next is just about finance ministers have pledged ... to re engage with Brussels to try again to negotiate ... a deal with creditors and is trending say we'd better position ... I've been no signs from Germany or the other creditor countries ... that a deal is in the off ... the ... Wells said ... this is that lasted thirty seconds to accept the terms that have been proposed by Germany ... and I get it right ... insight into says the president that sold ... for twenty people on an exit from the eurozone ... Wells Atkinson's based on ... the brink of like the coupe you're all ... thinking that a new study measures ... what's frightening enough ... thanks excitement to suppress as extraordinarily difficult cracked ... two weeks remain until an important on ... from deal with it must be paid to the European Central Bank ... gives the gift shop ... the ECB is likely ... to an emergency funding to the Greek banking system ... which would precipitate a collapse of the Greek banks ... and quite possibly returned ... to the rock ... the ... the Prime Minister has extremely limited room to maneuver ... Greek banks had failed ADS and reached the big respected him and think it would drop for a week of that cash is going to run out ... fairly soon there is not much laughter the question is what happens when the Fed starts to run ... the ...